FlexShopper, Inc. (NASDAQ:FPAY) Short Interest Update

FlexShopper, Inc. (NASDAQ:FPAY) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 3,000 shares, a growth of 25.0% from the May 31st total of 2,400 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 62,600 shares, the days-to-cover ratio is presently 0.0 days.

FlexShopper Stock Performance

NASDAQ:FPAY traded down $0.03 during mid-day trading on Tuesday, hitting $1.24. 11,332 shares of the company’s stock traded hands, compared to its average volume of 55,808. The firm has a 50 day moving average of $1.15 and a two-hundred day moving average of $1.27. FlexShopper has a 12 month low of $0.75 and a 12 month high of $2.47. The firm has a market capitalization of $26.97 million, a price-to-earnings ratio of -3.88 and a beta of 1.33. The company has a current ratio of 13.70, a quick ratio of 13.70 and a debt-to-equity ratio of 19.16.

FlexShopper (NASDAQ:FPAY) last posted its quarterly earnings results on Monday, May 13th. The financial services provider reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $33.95 million during the quarter, compared to analysts’ expectations of $29.30 million. FlexShopper had a negative return on equity of 58.72% and a negative net margin of 3.51%. On average, equities analysts forecast that FlexShopper will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at FlexShopper

In related news, Director Howard Dvorkin purchased 52,200 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was bought at an average price of $1.10 per share, for a total transaction of $57,420.00. Following the purchase, the director now owns 4,296,699 shares in the company, valued at approximately $4,726,368.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 201,586 shares of company stock worth $228,170 over the last 90 days. 36.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FlexShopper

A hedge fund recently bought a new stake in FlexShopper stock. Heron Bay Capital Management purchased a new stake in FlexShopper, Inc. (NASDAQ:FPAY) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 28,544 shares of the financial services provider’s stock, valued at approximately $43,000. Heron Bay Capital Management owned approximately 0.13% of FlexShopper as of its most recent SEC filing. Institutional investors and hedge funds own 19.41% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and set a $2.50 target price on shares of FlexShopper in a research note on Wednesday, May 15th.

About FlexShopper

FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.